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1
.
SETTLEMENT
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EXTRACTED KEY WORDS
KRHOVJAK TRADES TRADING FUTURES RESPONDENTS COMMISSION COMMODITY ALLOCATING ACCOUNT ACT PROFITS VIOLATES PROCEEDING FINDINGS CFTC COMPLAINT EMPLOYER EXECUTIONS MATERIALS CONSENT ENFORCEMENT FRAUDULENT SCHEME PAYMENT PENALTY TRANSFER BINDER COMM CCH GIVING ADVICE |
UNITED STATES OF AMERICA
Before the
COMMODITY FUTURES TRADING COMMISSION
____________________________________
:
In the Matter of: : CFTC Docket No. 02-01
:
: ORDER
MAKING
FINDINGS
CLAY KRHOVJAK and PAUL : AND IMPOSING REMEDIAL
COCHRAN
: SANCTIONS
AS
TO
CLAY
: KRHOVJAK
AND
PAUL
: COCHRAN
Respondents.
:
____________________________________:
I.
On October 26, 2001, the Commodity Futures Trading Commission
("Commission") filed a one-count Complaint and Notice of Hearing ("Complaint")
against Clay Krhovjak and Paul Cochran. The Complaint charged Respondent Clay
Krhovjak ("Krhovjak") and Paul Cochran ("Cochran") with violating or having violated
Sections 4b(a)(i)-(iii) of the Commodity Exchange Act, as amended (the "Act"), 7 U.S.C.
§§ 6b(a)(i)-(iii) (2001).
II.
In order to dispose of the remaining allegations and issues raised in the
Complaint, Respondents Krhovjak and Cochran have submitted offers of settlement that
the Commission has decided to accept. Without admitting or denying the allegations in
the Complaint or the findings of fact in this Order Making Findings and Imposing
Remedial Sanctions ("Order"), Respondents Krhovjak and Cochran acknowledge service
of this Order, and consent to the use of the findings herein in this proceeding and in any
other proceeding brought by the Commission or to which the Commission is a party.1
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